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Ibrahim A. Al Kadoumi

Finance Manager - Middle East Propulsion Company

Summary

After possessing 15 years of experience in the world of finance and accounting, I strive and push myself to gain and face more challenges and fields to concur. Passing through audit & consulting houses, real-estate and hospitality industry, I mastered the line of service in external and internal audit for wide variety of local and multinational clients, yet I gained considerable experience in real-estate and hospitality Industry through managing of overall budget and forecast , FSCP, project management, business plan, IPO, Pre-opening, OS&E and FF&E.

I am seeking a leading financial position to be responsible for all financial matters of an esteemed international company or an iconic local entity, where I can utilize my diversified experience in major financial functions to support and improve profitability, resources utilization, control its operations, and achieve business units' success & company vision. The potential position will oversee all compliance and recognition for government/ private contracts. I will be able to adapt to a continually evolving environment and thrive in an autonomous and deadline-oriented workplace while managing finance's numerous staff. 

Work History

Nov 2017Present

Finance Manager (Aviation - MRO)

Middle East Propulsion Company (MEPC) - Riyadh, KSA
  • Participating & working closely with the Business Development Department in feasibility studies of new engines projects for Maintenance, Repair and Overhaul (MRO).
  • Master budget preparation, administration and control.
  • Financial projections for short, med and long-term based on company strategic objectives and business plan.
  • Initiate continuous improvement, analyzing inventory variances, researching root causes, and formulating recommendations to improve inventory accuracy.
Jan 2015Oct 2017

Finance & Business Support Manager (Hospitality)  

Fairmont Riyadh - Riyadh, KSA
  • Pre-opening executive member for 298 rooms & suites, 5 F&B outlets and convention center.
  • Assisting Executive Committee in annual budget preparation, working capital and five years plan.
  • Assisting & reporting directly to GM Fairmont Riyadh in maintaining a healthy and professional relationship with owning company.
  • Coordinate with Regional Office on monthly GM and financial reports.
  • Coordinate with all operating departments to ensure all are adhere pre-opening budget guidelines and financial operations for pre opening phase.
  • Coordination between owners, procurement consultant and operating departments in setting up OS&E, FF&E.
  • Setting pre-opening manning requirements based on POB.
  • Restructuring finance department of 27 members including Accounts, Payroll,  IT and Purchasing.
  • Adhering & following up the best implementation of company P&P, and providing the ideal available contribution to fulfill colleagues goals.
  • Participating & working closely with the director of revenue and director of sales to set appropriate strategies in place to achieve budgeted targets and attending weekly revenue meeting.
  • Ensure all hotel management agreements are followed based on brand standards.

Jan 2012Dec 2014

Finance Manager (Real-estate)

The Business Gate - Riyadh, KSA
  • Manage day to day financial operations and supervise all departmental staff.
  • Ensure appropriate internal controls and financial procedures are implemented.
  • Ensure timeliness, accuracy, and efficiency of financial and management reports for public and local authoritarians.
  • Overseeing and ensuring the accuracy of monthly and annual financial statements.
  • Manage company funds to the best interest of owning company and shareholders.
  • Develop & monitor financial business plans and forecasts based on internal and external KPIs.
  • Lead monthly finance update meetings with hotel’s general managers and hotel team.
  • Managed and assisted in preparing the company for Initial Public Offering (IPO) and Rights Issues (RI) procedures. Coordinate with consultants and auditors relating to IPO&RI matters.
  • Managing business relationships with assigned banks, clients, suppliers and affiliates for the smooth functioning of day to day activities.
Jul 2009Dec 2011

Assistant Manager (Advisory)

Pricewaterhouse Coopers - Khobar, KSA
  • Identification, assessment, and prioritization of business risks based on their impact analysis.
  • Planning and developing audit scope and audit programs.
  • Execution of audit and field work and discuss findings with various level of executive management.
  • Evaluate the adequacy & effectiveness of internal controls, develop recommendation for improvement of policies and procedures.
  • Develop Internal audit charter including purpose, scope of work, authority, responsibilities, reporting, code of ethics and internal audit standards for numerous clients.
  • Participating in developing and implementing of policies and procedures.
  • Evaluate the adequacy of internal controls (COSO) and develop recommendations for improvement of policies and procedures.
  • Develop a mutually beneficial and sustainable relationship with the client that services their requirements and being respectful for client culture and values.
Nov 2002Jun 2009

Senior Consultant & Auditor (Assurance & Advisory)

Ernst & Young - Khobar, KSA
  • Manage all phases of audit engagements, including Planning, coordinating, scheduling, program execution and finalization of the audit.
  • Understand the business processes, identify the risk involved in process, and identify compliance issues.
  • Develop audit strategy and prepare audit programs.
  • Ensure audit is performed as per the guidance and ensure that financial statements are in compliance with the reporting framework.
  • Train and supervise staff on audit engagements.
  • Communicate with clients and managers of audit progress, discuss audit issues, identified during the audit and communicate any matters arising during the audit for improving internal control or accounting system.
  • Ensure that the deadlines are met for assignments handled and within the budgeted cost.
  • Respond quickly in every circumstance to client/management needs and ensure that service and delivery exceeds client expectations.

Education

19941999

BACHELORS

Jordanian University
  • Bachelor Degree in Administrative & Financial Sciences, Amman-Jordan (1994-1999).

Training and Courses 

  • Joined several specialized courses in the fields of accounting ,auditing and advisory services at the Middle East practice which was associated in Egypt, Bahrain, Jordan, UAE and Saudi Arabia.
  • Foundation of Leadership.
  • Amazing Race for Revenue.
  • Revenue Maximization.
  • Seven( 7 ) Habits.

Skills

Leadership & People Development
  • Respond quickly in every circumstance to client/management needs.
  • Team builder & innovative thinker.
  • Develop a mutually beneficial and sustainable relationship with the clients.
  • Others motivating, committed and involved, encourage delegation to develop.
  • Encourages staff to maintain well balanced life style.
  • Presents a professional appearance and style.
Industry
  • Experience in financial statement close process and preparation/review of financial statements.
  • Excellent analytical skills developed through challenging and reviewing financial statements. Analyze various assets, liabilities, revenue and expenses accounts.
  • Experience in various industries covering areas of sales, purchasing, inventory management, production and Quality Control.
  • Represent the company among financial partners, including financial institutions, investors, auditors, public officials, etc.
  • Competent  in  coordinating  the  efforts  of  various  departments to develop  company master budget, report variances monthly based on flexible budgeting and develop responsibility accounting reports.
Advisory
  • Managing Performance Improvement and Internal Audit Project.
  • Review and preparation of financial projections
  • Setting up chart of accounts & costing system
  • Issue identification & Problem solving.
Assurance
  • Experience in corporate audit including review of cost optimization, compliance to regulations and policies.
  • Provide innovative and practical answers to client queries balancing commercial concerns with technical accuracy.
  • Demonstrate a wide recognition of business risk and client sector issues.
  • Sound knowledge in International Financial Reporting Standards and experience in accounting and finance function.

References

Available upon request